Cargosol Logistics Ltd. debuts with 51.42% premium at Rs 42.40
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Cargosol Logistics Ltd. makes a strong debut on the bourses with scrip got listed at Rs 42.40 on the Bombay Stock Exchange, a 51.42 per cent premium to its issue price of Rs 28.00. The company, which raised 0.27 Cr from initial public offering, was subscribed 52.71 times, receiving bids for 1,423.17 lakhs shares against the total issue size of 27.00 lakhs shares. The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 28 to Sep 30.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE. The company anticipates using the proceeds of the issue for . Hem Securities Ltd as lead managers & Link Intime India Private Limited is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 58,191.29, down 30.81 points, or 0.05 per cent.
